Nasdaq-100 Index (Tech) (QQQ) Weekly Technical Analysis
Nasdaq-100 Index (Tech)
Invesco QQQ - Follows the Nasdaq-100 index, heavily weighted toward major technology companies.
QQQ Technical Analysis Summary
QQQ is experiencing a corrective pullback on the weekly timeframe after failing to sustain new highs near the 755 level, losing the 20-week SMA as short-term momentum shifts bearish. However, the macro trend remains firmly bullish, supported by upward-sloping 50-week and 200-week moving averages. Immediate focus for buyers rests on the dynamic support band between 665 and 680, which could serve as a solid base for trend continuation.
Included In Lists
Related Tickers of Interest
QQQ Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has broken below the 20-week moving average (717.11) and the weekly RSI has dipped below 50 to 46.79, indicating short-term distribution.
Long-term Sentiment (weeks to months): Bullish
The broader weekly market structure remains in an uptrend, with the 50-week (667.76) and 200-week (501.92) moving averages stacked in bullish alignment.
Report Metadata
- Timeframe: weekly
- Generated at: Oct 30, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $672.50 | $665.00 - $680.00 | Strong | Confluence of the rising 50-week moving average (667.76) and the lower Bollinger Band (678.83). |
| $612.50 | $600.00 - $625.00 | Moderate | Major prior multi-month horizontal consolidation area and breakout level. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $720.50 | $715.00 - $726.00 | Moderate | The 20-week SMA / middle Bollinger Band at 717.11 and the current weekly candle high. |
| $750.50 | $745.00 - $756.00 | Strong | All-time high resistance zone aligned with the upper Bollinger Band (755.38). |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Double Top | Bearish | $635.00 | Price formed a secondary peak near 745–750 that failed to exceed the prior high, followed by a pullback breaking below the 20-week moving average. |
| Strong | Ascending Trend | Bullish | N/A | Multi-year secular upward trend defined by consecutive higher swing highs and higher swing lows above the rising 200-week SMA. |
Frequently Asked Questions about QQQ
What is the current sentiment for QQQ?
The short-term sentiment for QQQ is currently Bearish because Price has broken below the 20-week moving average (717.11) and the weekly RSI has dipped below 50 to 46.79, indicating short-term distribution. The long-term trend is classified as Bullish.
What are the key support levels for QQQ?
StockDips.AI has identified key support levels for QQQ at $672.50 and $612.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is QQQ in a significant dip or a Value Dip right now?
QQQ has a Value Score of 70/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.